Do You Have What It Takes To Be An Entrepreneur? Take this Test!

When you were in school, remember the relief you felt when your teacher cancelled a test?  We have good news!  There is no test.  There are no specific qualifications to be an entrepreneur.  There are no entrance exams, no degree requirements.

On one hand, that’s a relief. You qualify. On the other hand, it’s confusing. How do you know you have what it takes to be a successful entrepreneur?

You could look at what other entrepreneurs are like and see if you match their profile, but creating a portrait of “the entrepreneur” is as simple as drawing a picture of air.

We examined the research, but noticed that it primarily aggregated survey data from people who chose to become entrepreneurs.  So, we can tell you the average age, industry work experience, educational level, etc.  But knowing that won’t tell you if you have what it takes to be an entrepreneur.  There is no “right answer.”

Still, we thought we would share a couple of surprising findings.  First, most people (or at least those in the 18-34 year age range according to the Kauffman Foundation) want to or have started their own business.  More than 600,000 people did just that last year alone.

Second, only one in ten startups result from a person having an “AHA!” moment where they create an innovative product or service because they needed it for their own use.

But experience teaches us that successful entrepreneurs share important characteristics. They are passionate about what they do. They not only have knowledge that informs their passion, but they know to access other sources to fill gaps in what they know and can do. They communicate in ways that can inspire passion in their customers, employees, and investors. And they have characteristics that are often in conflict: they are persistent, yet flexible; patient, but with a sense of urgency; optimistic, but realistic.

In The Founder’s Dilemmas, Harvard Business School’s Noam Wasserman states, “To survive and grow, startups need human capital, social capital, and financial capital.”  Put another way, entrepreneurs need advice, a network, and money.  They need advice to avoid some of the pitfalls that can be ruinous to a startup.  They need a network that provides them critical connections.  They need to create a community around their products.  And, in most cases, they need to have an adequate level of outside financing to ensure that they do not run out of money before the business become self-sustaining.

The iCrowd is committed to delivering all three of these needs.  Through the transformative legislative changes that allow Investment Crowdfunding, we connect entrepreneurs with investors who can share your passion for your enterprise and are willing to invest in you.  We help you leverage your social and professional networks, and enhance them with networks that you create on iCrowd with other entrepreneurs, investors, and others.  And, we provide you several ways to learn from other entrepreneurs and experts to ensure that you’re getting the advice you need.  At iCrowd, if you succeed, we will have done our job.

Do you have what it takes to be an entrepreneur?  Join the iCrowd.

40 Comments » for Do You Have What It Takes To Be An Entrepreneur? Take this Test!
  1. Jonathon Taylor says:

    Take what test? There’s no test here. Just hyperbole.

    • Dr. Q says:


    • sathyakumar says:

      what test? nothing s there.

    • dick wildblood says:

      um – try reading the article. The third sentence reads “There is no test.”

    • tim woodchuck says:

      the title says ‘take this test.’ but there is no test. damned liars!

    • Camilillo says:

      Must have been getting late for you to do this one. Anyway, I thohgut it funny, so did one too and ended up being a .DLL. Not sure what that means in terms of operating systems, and I was unaware of an affitinity with Windows, but at least it’s ‘dynamic’!

    • Jenny says:

      than done though. Takes lots of time and many miatekss if you don’t have someone you trust teaching you with a good business and game plan. I would suggest the best chance of success is to network with like minded people like at TSA Mastery. They can Google it. They allow people to have that abundance mindset that every business professional needs. Finding out what people are doing and not being afraid to ask questions is the key to making a good living doing what you enjoy. People there usually are pretty professional and won’t try to make you join their business. : )Rick SalasRick Salas recently posted..

    • mack says:

      Who ever put this add up, needs to look for a job.

    • nour says:

      ridiculous trick

    • andrew leahy says:

      i feel i would be a reasonable buisnessman

  2. Eddie O 'Grady says:

    Age 76. Am I too late ?

    • Ila Scott-Ford says:

      Eddie, of course you’re not too late. It’s only too late when you’re dead. If you have something to share, share it. If you have something YOU want to do… then do it. You might just have the best time of your life and leave an incredible legacy of “Do what you love.” If you have a desire, that was placed there by God. And if He gives you a desire, He’ll give you what you need to make it happen. My personal belief. Also a faith statement used by Tony Robbins. So go do it.

    • Danny says:

      Eddie, of course you’re too late. Sorry.

    • Maralynn says:

      Great isihngt. Relieved I’m on the same side as you.

    • Manuel says:

      It can be; business is all about overehad; are you making more than you are paying out? Is this enough to maintain your lifestyle? Every flea market is different. Some places don’t charge so much for you to run a booth but this is b/c that location doesn’t see as much foot traffic. Generally the more people that are walking by your booth, the more the landlord is going to charge you rental on your booth. All of that is part of being a businessman.-H

    • mack says:

      Ila Scott-Ford ,,,never too late, I am still up building a new pc & I am 64.

  3. sahil says:

    is the entrepreneur test here means you dont have to take any.there is no damn test here.

  4. L.S.PRAKASH says:

    test result depend on marks or effort?

    • Antika says:

      The best way to find out is to try!! However, you need to take into consideration how acvtie your flea/farmer’s market is. The one near me is constantly crowded!! So, ideally I would say YES it’s a great idea. But if yours doesn’t get much business then I wouldn’t recommend it. GOOD LUCK

  5. Gabi says:

    Ok, so the test is not there, because if you are the guru you think you are, you can turn nothing into something?

  6. Peter Brighty says:

    Read the text -
    We have good news! There is no test.

  7. Polly says:

    Re: “if you have a desire, that was placed there by God. And if He gives you a desire, He’ll give you what you need to make it happen”. Love it.

  8. Kwesi Adu says:

    Eddy nothing is late when life is long

    • Diego says:

      Hey Linda,I just came up with this the other day. Looking at this from a network maketring point of view, I’ve come to the conclusion that there is an indicator that will predict a persons success or failure, regardless of any other factor involved.I call it the What are you doing NOW test. At least until I come up with a better name for it. So here goes: Anything you’re not doing in your business while you still have a job, you won’t do after you quit your job. Meaning: If you’re not posting to your social sites every day, if you’re not posting to your blog regularly, if you’re not emailing your list daily, if you’re not on the phone prospecting daily, if you’re not studying sales and phone techniques, guess what?You won’t do it when you’re full-time in your business and you will inevitably fail.My suggestion to anyone contemplating going full-time in their network maketring business is this:Take note of what you’re doing. Are you making a list every night of things you must accomplish in your business the following day? Are you prioritizing that list, and resolving to finish those tasks? Are you working as long as it takes regardless of whether you feel like it or are tired? Have you consistently followed your plan for weeks, or better yet months? Are you making progress in your business now, or are you fooling yourself into thinking that when you have all day to work on it THEN you’ll get some momentum going?If you can’t honestly say that all of those things (and probably a few more) are true then YOU ARE NOT READY TO GO FULL-TIME.Keep your job until you have proven to yourself that you have the self-discipline to ensure that you are doing what needs to be done on a daily basis. Believe me, that bank account of yours will dwindle with frightening speed, and mindset won’t refill it. Sure, you gotta have the proper (or at least a success oriented) mindset, but it’s the actions you perform consistently that will determine your level of success.Dave Kotecki recently posted..

  9. Ty says:

    I consider myself an Entreprenuer. I haven’t created
    anything of value or profit yet, but I’m still trying.

    • Alex says:

      You make things so clear. Thanks for tkanig the time!

    • Veronica says:

      Okay first I have to say- awesome blog! Secondly, I toltaly agree that entrepreneurs are born to be entrepreners, and those of us who are of this breed tend to forget that others are not! I do think that it would be a great benefit to teach more business skills in general.. I’m not sure that entrepreneurship can be taught as it is a certain personality.

  10. Maryanne Leonard says:

    Years ago, when people all smoked, there were ads on the inside of matchbook covers asking, “Do you have what it takes to be an artist? Take this test!” You’d send it in, and of course you had what it takes, if you had the $$$ for their correspondence course! Same gag here. I have been an entrepreneur since age 8 and did well, but I wanted to see the alleged test. No test. No $$ for bogus company. That’s okay – it’s still all in my pocket!

  11. Doash says:

    The test is to find the test lol!

  12. Joanna says:

    If you read it properly you would have realised there is no test!

  13. Vicent Mwaja says:

    Entrepreneur dreamed and act upon ideas. in case of growth, improvement and success as results of challenges faced and how solved in business issues. Means is growing challenges solving and recognize relentless

  14. richard jay says:

    expecting to take the test asap

  15. richard jay says:

    am willing to learn from others

  16. Keith says:

    It looks like if you want to be an entrepreneur you have to be a lier. That is comforting.. Politics if full of lies, That is the biggest business in the world running the country. Everyone lies to everyone else and steals each others character. I am good at being an entrepreneur but i refuse to be in the coruption. People that work hard has everything taken from them becuase others dont want to work. DISGUSTING!!!!!!!

  17. Sonu says:

    Hi Linda,I think you have hit on 2 of the most critical indnigeerts for entrepreneurial success mindset and preparation. Even if we have wanted to be our own boss for years that doesn’t mean we are psychologically ready to make that leap. If you take your employee mindset (i.e., waiting for people to acknowledge your contributions or tell you what to do next) into your own business you are going to grow VERY slowly, if at all. The skills that made you wildly successful as an employee are not the same skills you will use to grow your own business. But that is one of the most energizing aspects for me. I bore easily so working in corporate often led to periods where I was not as challenged as I wanted. Continuing to develop the leadership and servant mindset necessary to thrive as my own boss is always exciting and challenging and I love it! Thanks for sharing your thoughts, AllegraAllegra Sinclair recently posted..

  18. james collins says:

    I believe that was the Test….. To see how observant the reader is

  19. Jack Neal says:

    “To Be Or Not To Be”…Is that the question, or the “test”? lol

  20. Tim says:

    Great things to think about! I believe it all begins like you said, with the passion!

  21. Kenny C. says:

    The test is whether you really want it. A true entrepreneur doesn’t just have the skills and neccesities to be successful they will their self to be successful through hard work.

  22. cynthia says:

    There is no test? The test is attempting to read the comments here, because they deliberately made the comment column too narrow to be read easily.

4 Pings/Trackbacks for "Do You Have What It Takes To Be An Entrepreneur? Take this Test!"
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  3. [...] When you were in school, remember the relief you felt when your teacher cancelled a test? We have good news! There is no test. There are no specific qualifications to be an entrepreneur. There are no entrance exams, no degree requirements.  [...]

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